What a terrific start to the new year! Tata Steel has won a mind-blowing $13.65 billion bid for Anglo-Dutch steel-maker Corus.
Now, the property developer has snapped up a controlling 63.9 per cent stake in the loss-making Piramyd Retail at Rs 30 per share. The Rs 159 crore (Rs 1.59 billion) Piramyd has been running 7 large Piramyd lifestyle outlets and 33 small convenience stores called TruMart.
Franz Giovanni, Mario Zignotti, Richmond and Ascot. Foreign brands for menswear? Not really. You could pick up these designer clothes from a Westside or a Shopper's Stop. At affordable prices too. It's not only for apparel that retailers creating their own lines; whether its for air fresheners or 'atta', they're putting out their own brands.
A slow starter, the telecom company is way behind its peers and needs to scale up fast to become a profitable operation.
Companies dismiss reports of a glut saying the demand for property remains robust.Unitech's consolidated profit numbers, for instance were way below expectations at Rs 401 crore (Rs 4.01 billion), thanks to a delay in some of its projects and the resulting lower revenues. But at the end of October, the stock was trading at levels of Rs 383, up about 50 per cent since August.
Meleveetil Damodaran seems to have a knack of setting things right wherever he goes. While his formidable abilities have no doubt played a big role in this, circumstances have also helped him greatly.
The Indian classical music industry is stuck in a rut, and topmost on everybody's blame list is the record label.
Economic Advisor to the Tata Group Siddhartha Roy tells Business Standard the economy may be slowing down.
There's plenty of room for everybody. With the demand for low-cost accommodation on the rise, a whole host of hospitality firms, both foreign and local, is planning to set up budgets hotels.
An interview with Sebi chief M Damodaran.
The short point: CEOs, it appears, prefer to play it safe until it's too late. There's a study of how managements tend to be lethargic if they command the lion's share of the market, a case in point being Bajaj Auto in the autorickshaws space.
After decades of selling to the middle class, a clutch of companies is now going after richer customers as well.
The under-leveraged nature of corporates will help reduce the impact.
The steel-maker will now have to pay 50 basis points more on this tranche of $1 billion with a seven-year tenure.
Better prices and smaller packet sizes help Tata Tea concoct a winning brew.
How the Ginger chain of hotels plans to go places.
The FIIs' stake in Reliance Industries has increased from 20.22 per cent at the end of the March 2007 quarter to 20.85 per cent at the end of the June 2007 quarter, according to the BSE's shareholding pattern data.
The appreciating rupee has taken its toll on Tata Consultancy Services' June quarter numbers, with the top line growing just 1per cent sequentially in rupee terms to Rs 5202.8 crore (Rs 52.02 billion).
Birla patriarch, B K Birla's decision to give Kesoram Industries to his grandson Kumarmangalam Birla has brought to focus the possibility of unlocking value in Kesoram through the demerger of its two main businesses - cement and tyre.
It will be some time before the literary world knows another sensation like Harry Potter
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